NOTES TO THE FINANCIAL STATEMENTS – NOTE 24

24. Net operating income
    GROUP
June 2015
R000		   GROUP
June 2014
R000		   COMPANY
June 2015
R000		   COMPANY
June 2014
R000		    
Net operating income is stated after accounting for the following:                    
Contingent rental income (turnover rental)   (50 459)   (50 503)   (50 459)   (43 396)    
Depreciation   20 054   19 931   19 895   16 431    
Loss on write-off of assets   82   2 468   82   2 457    
Employee remuneration   118 312   109 137   89 016   81 918    
Share-based payments (CUP) (refer to note 26)   6 707   1 649   6 707   1 649    
Forex gains   (7 804)   (2 951)   (728)   (180)    
Key management remuneration                    
The following key management remuneration was paid/provided for during the year:                    
Prescribed officers other than directors:                    
A   3 033   2 825   3 033   2 825    
B   2 250   2 061   2 250   2 061    
C   2 227   2 021   2 227   2 021    
Directors’ remuneration                    
Independent non-executive   2 117   1 691   2 117   1 691    
Ethan Dube (paid to Vunani Capital Proprietary Limited)   284   223   284   223    
Lindie Engelbrecht   471   400   471   400    
Gavin Tipper   490   439   490   439    
Louis van der Watt (paid to Atterbury Property Holdings Limited)   235   183   235   183    
Mike Lewin   284   223   284   223    
Thabo Mokgatlha   353   223   353   223    
Non-executive   847   644   847   644    
Kevin Ellerine   252   188   252   188    
Louis Norval   245   188   245   188    
Stewart Shaw-Taylor   350   268   350   268    
Executive   13 685   10 396   13 685   10 396    
Pieter Prinsloo (CEO)   9 699   6 667   9 699   6 667    
   Basic salary   3 464   3 139   3 464   3 139    
   Pension fund contributions   141   127   141   127    
   Performance bonus (paid in December)   2 625   2 200   2 625   2 200    
   Other benefits   33   31   33   31    
   Incentive scheme   3 436   1 170   3 436   1 170    
Laurence Cohen (FD)   3 986   3 729   3 986   3 729    
   Basic salary   1 958   1 798   1 958   1 798    
   Pension fund contributions   296   270   296   270    
   Performance bonus (paid in December)   1 650   1 600   1 650   1 600    
   Other benefits   82   61   82   61    

Directors’ beneficial interests under the long-term employee incentive scheme (CUP)
    Pieter Prinsloo
Hyprop shares		   Laurence Cohen
Hyprop shares		  
  Balance 1 July 2013        
  Allocated during the year 28 790   15 864  
  Balance at 30 June 2014 28 790   15 864  
  Market value of shares at 30 June 2014 (R000) 2 301   1 268  
  Balance 1 July 2014 28 790   15 864  
  Allocated during the year 31 207   16 813  
  Balance at 30 June 2015 59 997   32 677  
  Market value of shares at 30 June 2015 (R000) 7 260   3 954